Steel price today July 16: Steel price slightly decreased, ore...

Steel prices edged lower on July 16, while Dalian iron ore was flat near a two-month high, as the market worried about mixed economic data from China....

Steel prices edged lower on July 16, while Dalian iron ore was flat near a two-month high, as the market worried about mixed economic data from China. Domestic prices remained unchanged.

World steel prices

At the end of the trading session on July 15, the price of steel rebar for August delivery on the Shanghai Stock Exchange decreased by 0.07% (2 yuan) to 3,071 yuan/ton. On the Dalian Stock Exchange, the price of iron ore for August delivery was flat at 768 yuan/ton. Meanwhile, the price of iron ore for August delivery on the Singapore-SGX Stock Exchange decreased by 0.67 USD to 98.92 USD/ton.

Iron ore futures held steady near a two-month high as investors weighed mixed economic data from China, Reuters reported.

New home prices in China posted their biggest monthly decline in eight months in June, pointing to continued weakness in the property sector. Meanwhile, China’s economy grew 5.2% year-on-year in the second quarter, slightly faster than the 5.1% expected but slowing from the 5.4% recorded in the previous two quarters.

Industrial production unexpectedly rose sharply in June, indicating a recovery in the manufacturing sector, but retail sales growth disappointed, raising concerns about consumer demand.

Iron ore prices have rallied in recent sessions on expectations that Beijing may introduce more stimulus to support the property market, while the Chinese government is stepping up efforts to cut excess industrial capacity to counter three years of deflationary pressures.

China's steel output fell 9.2% year-on-year to 83.2 million tons in June 2025, marking the third consecutive monthly decline, according to data from the National Bureau of Statistics of China cited by Bloomberg. This was a 3.9% decline from the previous month. Total steel output in the first half of 2025 was only 514.8 million tons, down 3% year-on-year, marking the lowest level since 2020.

The decline was due to a number of factors. First of all, the prolonged crisis in the real estate sector has sharply reduced steel demand in the construction industry, the largest consumer of the metal. In addition, the extremely hot weather this summer has also affected the progress of construction projects, causing demand to fall further.

In recent weeks, the Chinese government has also focused on overcapacity and price competition, factors that have contributed to deflationary pressures in the industrial sector over the past three years. Beijing has increasingly called for a clampdown on excess capacity, especially in the steel industry.

Production restrictions are also part of preparations for a military parade in Beijing in September, said Chelsea Ye, an analyst at McCloskey at Opis. In particular, in the city of Tangshan, factory operations have been temporarily reduced to improve air quality.

Analysts say that even without the official restrictions announced since the beginning of the year, China's annual steel output could remain stable due to a natural decline in demand.

Domestic steel prices

Domestically, businesses stabilize construction steel prices.

Steel prices in the North

According to SteelOnline.vn, Hoa Phat steel brand, with CB240 steel coil line at 13,650 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Viet Y Steel brand, CB240 rolled steel line is priced at 13,890 VND/kg; D10 CB300 ribbed steel bar is priced at 13,990 VND/kg.

Viet Duc Steel, with CB240 coil steel line at 13,550 VND/kg, D10 CB300 ribbed steel bar is priced at 13,550 VND/kg.

Viet Sing Steel, with CB240 coil steel, is priced at VND13,690/kg; D10 CB300 ribbed steel is priced at VND13,580/kg.

VAS steel, with CB240 coil steel line at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,740 VND/kg.

Steel prices in the Central region

Hoa Phat Steel, with CB240 coil steel line, is at 13,530 VND/kg; D10 CB300 ribbed steel bar is priced at 13,530 VND/kg.

Viet Duc Steel, currently CB240 rolled steel is at 14,050 VND/kg; D10 CB300 ribbed steel is priced at 14,000 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,790 VND/kg.

Steel prices in the South

Hoa Phat Steel, CB240 rolled steel, at 13,790 VND/kg; D10 CB300 ribbed steel is priced at 13,740 VND/kg.

VAS steel, CB240 coil steel line is at 13,740 VND/kg; D10 CB300 ribbed steel bar is priced at 13,840 VND/kg.

Source: https://baolamdong.vn/gia-thep-hom-nay-16-7-gia-thep-giam-nhe-quang-sat-di-ngang-382456.html